Talkweb senior executives to reduce shareholdings

Talkweb Information System announced a share reduction plan by three of its senior executives: zhao jun, bai bingjun, and liao qiulin. The executives intend to collectively reduce their holdings by no more than 85,312 shares, representing 0.0068% of the company's total share capital. The sales will occur through concentrated bidding or block trading within three months, starting 15 trading days after the announcement (november 19, 2025, to february 18, 2026).

The shares to be divested originate from Talkweb's 2022 stock option and restricted stock incentive plan. Zhao jun plans to sell 32,812 shares, bai bingjun 26,250 shares, and liao qiulin 26,250 shares. The executives have committed to adhering to all relevant laws and regulations, including not transferring more than 25% of their total holdings annually while serving as senior management.

The company stated that the planned reduction will not lead to a change in control, nor will it impact the company's governance structure, equity structure, or future operations. The share reduction price will be determined by market conditions at the time of sale.